Nasdaq MRX, LLC has proposed a rule change to the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology until June 1, 2025, with a planned end date of December 1, 2025. This decision is intended to allow more time for the adjustments spotlighted in the earlier proposal SR-MRX-2024-45. The Commission is inviting public comments on this proposal, and submissions should reference file number SR-MRX-2025-05. Comments should be submitted by March 3, 2025, through the SEC's website or by email, and will be made publicly available online.
Simple Explanation
Nasdaq MRX wants to wait a little longer before changing a fee for options to make sure everything is ready, so they're asking the SEC if they can delay this change until June 2025. They're also inviting people to give their thoughts and ideas about this delay by sending in comments before March 3, 2025.